Last checked at 30 Sep 2015 13:45
30th September, 2015
Dear Sirs,
SUB: ALLOTMENT OF UNSECURED REDEEMABLE NON CONVERTIBLE SUBORDINATED DEBENTURES (SERIES 23).
REF: CLAUSE 36 OF THE LISTING AGREEMENT IN INDIA.
We are pleased to inform that the Board of Directors of the Bank vide Resolution passed by Circulation on 30th September, 2015 i.e. today allotted 15000 Unsecured Redeemable Non Convertible Subordinated Debentures (Basel - III Compliant Tier II Debentures) (Series - 23) of the face value of Rs. 10 lakh each for cash at par aggregating to Rs. 1500 crores on a private placement basis. The said Debentures will be listed on the Wholesale Debt Market segment of the BSE Limited and National Stock Exchange of India Limited.
The said Debentures are rated "AAA" by CRISIL, CARE and ICRA.
You are requested to take note of above and arrange to bring it to the notice of all concerned.
Thanking you,
Yours Sincerely,
For Axis Bank Limited
Girish V. Koliyote
Company Secretary